The Pipe Metal Company held an annual meeting of the shareholders in Yekaterinburg on June 8. The shareholders have elected the board of directors and the revision commission. Ernst and Young LLC has been appointed the auditor. The meeting decided to pay dividends for 2016 in the amount of 1.96 rubles per ordinary share (2.024…Details
American pipe manufacturers suspect the Canadian company of the Russian Evraz in dumping. They have also said that the pipe imports from Canada threaten the national security. Pipe manufactures have called on the authorities to limit imports. American manufacturers are dissatisfied with the decision of Cheniere Energy to choose Evraz as the main supplier of…Details
In January-May Ukraine increased rolled metal export revenue by 20% YoY, to $2.7 billion. According to Ukrmetallurgprom, in 5 months Ukraine exported 6.2 million tons of rolled metal, down from 7.8 million tons in January-May 2016. The export share in the total volume of rolled metal produced dropped to 83% from 84%. The share of…Details
Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, has exported 10 million tons of coal this year. The milestone ton was loaded on June 12 onto Post-Panamax Nordic Odin, the 151st vessels handled from the year beginning (the 11th in…Details
The state-owned nanotechnology company Rusnano plans to sell its 49.89% stake in the Eterno facility, a white metallurgy joint venture with Chelyabinsk Pipe-Rolling Plant, or ChelPipe, for at least 4.72 billion rubles, Rusnano said in a statement on June 13. Preliminary bids are collected until July 5, the company plans to close the deal until…Details
The Ukrainian Stock Exchange intends to stop sales of Alchevsk Coke and Chemical Works, Alchevsk Iron and Steel Works and Zaporizhstal shares. According to the stock exchange, the decision has been taken because the companies have not disclosed their annual information. At the same time, the decision can be cancelled, if the companies disclose their…Details
The state enterprise Pervomayskugol intends to sign an agreement with Komsomolskaya Central Processing Factory to process coal valued at 15.96 million UAH. The purchase will be made based on the negotiation procedure, as the tender for the services has already been cancelled twice. The enterprise wants to order the processing of 168 thousand tons of…Details
As of mid-June Balja LLC has washed 67 kg of gold. The washing season started in May. In the first month the company obtained 42 kg of gold. According to the company CEO Valery Gurevich, this year it plans to yield 420 kg of gold. Balja is developing the alluvial gold deposits in the Kyrin…Details
Aluminiy Kazakhstana has received a drum with separators and roll glides for its thermoelectric plant produced by the Taganrog boiler works Krasniy Kotelschik. The machinery has been produced within the program of the boiler equipment reconstruction. The new machinery will replace the boiler drum, produced by TKZ in 1966. The machinery will be put into…Details
RM-Steel has successfully finished the tests of the new D32W bar steel for ship-building. The development of the bar was carried out for the Zvezda ship-building works project. At present RM-Steel can produce A, B, D, A32-D40, E36, A40S, D40S and D32W steel bars according to GOST R 52927-2015. Such bars are widely used in…Details
Kamskaya Kuznitsa has started producing M90 nuts according to GOST 10605, GOST 10607 and DIN 934.
The nuts are produced of 40X steel by drop stamping. (Ukrainian metal)
In May Krasniy Octyabr Iron and Steel Works increased output.
According to the acting manufacturing director Sergey Marchenko, the output increase is connected with the installation of the new ABB transformer for arc furnace No. 5.
Brushed metal sales increased 2-fold YoY. (Ukrainian metal)
NLMK Group has started hot-testing the pulverized coal injection (PCI) unit at one of the largest blast furnaces of its Lipetsk plant, namely blast furnace No. 6 with a capacity of 3.1 million tons of pig iron per year. This technology involves co-injecting natural gas and fine coal particles into the blast furnace, resulting in…Details
In January-May Ukraine exported 15.722 million tons of iron ore and concentrate valued at $1.166 billion. According to the State Fiscal Service, the share of ore in the total export was 6.8%. The largest importers of iron ore and concentrate were China ($334.163 million, or 28.6% of all exports), the Czech Republic ($124.855 million, 10.7%)…Details
DTEK buys its coal in Russia, despite the fact that in Rotterdam it’s cheaper.
The anthracite that DTEK delivers from its own mines in Rostov region costs $95 per ton.
Taking into account the basic fuel value the Russian anthracite is $13-15 per ton more expensive. (Ukrainian metal)
In January-May Kemerovo region enterprises mined 97.3 million tons of coal, up by 8% YoY.
According to the regional administration, in particular, 72.4 million tons of power-generating coal and 24.9 million tons of coking coal, up by 13.1% and down by 1% YoY respectively. (Ukrainian metal)
In January-May Amur region obtained 8407 kg of gold, up by 22.6% YoY, including 7699 kg of ore gold and 708 kg of alluvial gold. The growth has been provided by Petropavlovsk group of companies (Pokrovsky, Pioneer, Malomyr and Albyn), as well as Priisk Solovievsky. In particular, Priisk Solovievsky yielded 782 kg of gold, up…Details
At night there was a methane ignition at the DTEK Novodonetskaya mine.
As the result 4 miners got light burns.
The ignition occurred on the No. 3 northern face. At the time 122 miners were in the shaft. All of them returned to the surface. (Ukrainian metal)
Coal stocks at Ukrainian thermal power plants from June 6 through June 12 increased by 1.8%, to 2.52 million tons.
According to the Ministry of energy and coal industry, anthracite coal stocks increased by 6.8%, to 608.8 thousand tons, gas-coal – by 0.4%, to 1.91 million tons. (Ukrainian metal)
The Annual General Meeting of shareholders (AGM) of PJSC MMC Norilsk Nickel was held on June 9. The AGM approved the final dividend for the full financial year 2016 in the amount of RUB 446.10 per ordinary share (approximately $7.83 at the RUB/USD exchange rate set by the Russian Central Bank as of April 28,…Details
Within the framework of the International Exhibition “Astana EXPO-2017” in the pavilion The World of Nuclear Energy the signing of memorandums between NAC Kazatomprom JSC and Cameco Corporation, Uranium One Inc., CGN and AREVA was held. All four documents determine the opportunities for cooperation in implementing in Kazatomprom the tasks outlined in the Address of…Details
The temporary duties on Ukrainian rebars, imposed by Egypt, will damage metal industry for several hundred million dollars. “At present Egypt is on the fifth position among countries which buy metal from Ukraine, and that’s 5%. Exports to Egypt started falling, they will fall by 5%, or by several hundred million dollars per year”, the…Details
Evraz-Ukraine says is does not cooperate with the companies on the Ukraine-uncontrolled territories, nor does it supply metal there. The company notes that there are cases of illegal use of the Evraz brand without the corresponding consent. Earlier the Information Resistance group claimed that major Russian companies, including Evraz, were cooperating with the so-called Donetsk…Details
In 2017 Norilsk Nickel intends to buy as much palladium to its special fund as last year.
According to the financial director Sergey Malyshev, the prices are not “in the best shape” now. There would be no increase in the number of investors.
In 2016 Nornickel bought 5 tons of palladium. (Ukrainian metal)